SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations. Shell and SLB will develop agentic AI-powered solutions designed to enhance the capabilities of technical experts and decision makers for Shell as well as the wider energy industry. The deal extends a long-standing partnership between the two companies, after they partnered to deploy SLB's subsurface software, [Read more]
News
Oil exports via Caspian pipeline down 12% in November m/m, sources say
Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan's oil exports, was attacked by a Ukrainian drone on November 29, when one of three key exporting units were severely damaged. Since then, only one single point mooring (SPM-1) has been operational, while SPM-2 was damaged [Read more]
Weekly Word Wanderings: Very bad AI, very good AI (for natural gas), and the weirdest French court case you can imagine
Engaging Articles of the Week You know how last year you changed your passwords from 1-2-3-4-5-6 to 6-5-4-3-2-1 in order to update security protocols and thwart criminals; well, a lot of firms and governments have something that believe it or not is even more secure – message encryption. As Microsoft puts it, “Encrypting an email message means it's converted from readable plain text into scrambled cipher text. Only the intended recipient can decipher the message for reading. Any recipient [Read more]
From Core to Cloud: SMRs Fueling the Data Age
Authors: Benjamin Henezi, Process Engineer and Mitchell Valic, Process Engineer, Fluor Canada Ltd. Data Demand In today’s digital age, data centres are the powerful engines driving the computational workload that keep modern society running. From processing financial transactions, to supporting healthcare systems and ensuring the continuous operation of the internet, these facilities require vast amounts of reliable power to function effectively. Since the launch of publicly accessible [Read more]
ROK Resources Shareholders Vote in Favour of Previously Announced Plan of Arrangement
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / December 11, 2025 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that the shareholders of ROK have voted in favour of the previously announced plan of arrangement (the "Arrangement") and go-private transaction between ROK, 17312539 Canada Inc. (the "Purchaser"), a wholly-owned subsidiary of Blue Alaska Oil Trading LLC ("Blue Alaska"), [Read more]
Suncor Energy forecasts higher oil, gas production in 2026
Suncor Energy on Thursday forecast higher oil and gas production in 2026 as the Canadian energy producer boosts output from its oil sands assets. The Calgary, Alberta-based company expects upstream production between 840,000 and 870,000 barrels per day next year, compared with its 2025 production estimates of 810,000 to 840,000 barrels per day. Suncor also expects capital expenditure to range between C$5.6 billion ($4.06 billion) and C$5.8 billion in 2026, down from its forecast of C$6.1 [Read more]
Suncor Energy announces 2026 corporate guidance
All financial figures are in Canadian dollars, unless noted otherwise Calgary, Alberta--(Newsfile Corp. - December 11, 2025) - Guidance reinforces company's commitment to delivering superior shareholder returns Upstream production growth and refining utilization above 2024 Investor Day targets for 2026 Continued capital discipline with select high-quality strategic investments Increased share repurchases of $275 million per month, projecting $3.3 billion in 2026 Progress [Read more]
Cenovus Energy forecasts higher production in 2026
Canada's Cenovus Energy on Thursday forecast higher crude oil production for 2026 as major oil sands projects near completion. The company expects upstream production between 945,000 and 985,000 barrels of oil equivalent per day (boepd) for 2026, surpassing its 2025 forecast range of 805,000 to 845,000 boepd. The producer said it would allocate C$850 million in spending to the recently acquired Christina Lake North asset acquired from MEG Energy. The Calgary-based producer had earlier [Read more]
Cenovus announces 2026 capital budget and corporate guidance
CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance. 2026 guidance highlights: Capital investment of between $5.0 billion and $5.3 billion, including approximately $350 million of capitalized turnaround costs. Excluding turnaround costs, capital investment is expected to be between $4.7 billion and $5.0 billion, consistent with Cenovus’s planned reduction in growth investments [Read more]
Permian to retain US oil crown even after hitting peak: Bousso
Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15 years. Yet drilling innovations mean output in America’s most prolific oil patch will hold steady for years to come. The Permian basin, which straddles West Texas and southeastern New Mexico, is set to produce a record-high 6.76 million barrels per day (bpd) of oil in December, only slightly higher than November's total, the U.S. [Read more]
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